 March 21, 2008
Posted: 11:45 AM ET
Clinton and Obama are far outpacing McCain in the money race.
 (CNN) – John McCain raised around $11 million last month, according to federal filings released this week – about one-third the sum raised by Hillary Clinton, a fifth of Barack Obama’s February haul, and slightly less than he’d raised in January as a primary candidate. The overall gap between the three senators also increased: McCain has now raised just over $60 million, compared with Clinton’s $156 million and Obama’s $194 million. The news for McCain was not all grim: last month, the Arizona senator was able to bein paying back the nearly $4 million loan he took out when the financial situation for his then-struggling campaign looked dire. McCain spent just $8.7 million in February, as he he effectively captured the Republican nomination. By contrast, Obama and Clinton spent $42.8 million in February and $31.8 million respectively. The two remaining Democratic contenders ended the month with a healthy amount of cash in hand: $33 million for Clinton and $39 million for Obama. The numbers are not quite as close as they appear: Obama has less than a million dollars in debt, while Clinton owes nearly $9 million in addition to the $5 million loan she made to her own campaign in January. McCain had $8 million cash on hand. February’s totals seem to make it more likely that McCain may need to accept public financing for the general election – putting him at a disadvantage to both of his potential rivals, who have avoided committing to abiding under the restrictions required by the federal financing system, including strict fundraising and spending caps. –CNN's Rebecca Sinderbrand
Filed under: Barack Obama • Hillary Clinton • John McCain |
 
About The Ticker
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com.  CNN=Politics Screensaver
New in the Ticker
Follow us on Twitter
Categories
Popular Posts
 |
|
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNN makes reasonable efforts to review all comments prior to posting and CNN may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
|
|
